Marketplace Overview
On-demand, secure, and accessible identity verification services powered by blockchain technology and governed with CVC tokens.
Marketplace Use Cases
Decentralized identity improves user experience, reduces costs, and turns a cost center into a net revenue unit.
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For Requesters
Requesters use CVCs to purchase permission-based, real-time authentication of User identity data verified by a Validator.
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For Validators
Validators earn CVCs each time a user attestation is created or utilized by Requesters.
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For Users
Users upload and verify their identity data on a Credential Wallet app only once and attestations are good until revoked.
How It Works
The ecosystem is designed to incentivize participation by trustworthy identity verification providers:
Validators set the price within the marketplace, record an attestation on the blockchain after successfully verifying the identity data of a User.
Requesters pay into escrow to be able to leverage the work already performed by trusted Validators and eliminate the redundancy of having to re-verify User information.
Users only hand our Verifiable Credentials if the Requesters payments are received by the respective Validators.
About the Marketplace
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Marketplace Blockchain
This is where smart contracts govern the interactions between Requesters, Validators, and Users.
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Abstraction Layer
A set of applications and libraries that provide a clear, easy-to-use interface over the existing set of Credential Wallet and Marketplace functionalities.
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Automation Layer
Pass-through software layer that enables certain blockchain-related automation for Requesters and Validators.